Well, that is just ridiculous, this company is not a producer, exploration is not production. Being an operator of an exploration project has nothing to do with incurring overheads for a production team.I would hazard to say that I am aware of a number of small cap O&G companies that are operators that do not have production. You may well use your reference to "decent sized projects" as a filter but what is a decent size project? Isn't the goal of an exploration company to find a decent size project?
Finally, I am also aware of many oil producing companies that dont have multi-million dollar per year teams behind them.. Perhaps you are thinking of the wrong small cap company with a code other than MEL...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.284K | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19005694 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11409690 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |